To 200 lbs. Cheese, a 8 cts. Dr. Dr. 12 00 140 00 Dr. 41 firkin Butter, 76 lbs., weight of tub, 10 lbs === 66, By Order on Goodrich & Lord, for $12,50 112 50 Dr. $16,00 LEGER. This book is used to collect the scattered necounts of the Day-Book, and to arrange all that relates to each individual into one separate statement. The usiness of collecting these accounts from the Day-Book, and writing them in the Leger, is called posting. This should be done once a month or oftenor. Debte due from others, and entered upon the Day-Book, are placed on the side of Dr. whatever is on the Day-Book as due to another is placed on the side of Cr. When an account is posted, the page of the Leger, in which this account is kept, is written in the left hand column of the Day-Book. Every Leger should have an alphabetical Index, where the names of the several persons, whose accounts are kept in the Leger, should be written, and the page noteil down. When one Lager is full, and a new one is opened, the accounts in the former should be all balanced. and the balances transfered to the new Lante EXPLANATION OF THE LEGER AND THE MANNER OF POSTING. It will be soon, that the name of James Murray, stands first on tho DayBook; of course, we shall post his account first. We enter his name on the Arst page of the Leger, in a large, fair hand, writing Dr. on the left, and Cr. on the right. At the top of the left hand column we enter the year, under which we write the month and day when the first charge was made in the DayBook, and in the next column the page of the Day-Book where the charge sands. Thon, as there are several articles in the first charge, instead of specifying each article, as in the Day-Book, we merely say, To Sundries, and enter the amount in the proper columns. This charge being thus posted, we write the page of the Leger, viz. 1, in the left hand column of the Day-Book, and opposite to it a X, to show more distinctly that the charge is posted. We then pass a finger carefully over the names, till we again come to the name of James Murray, Jr., which we find on the second page; but, as this is credit, we enter it on the credit side, with the data and page in their proper columns. We hun enter the Leger-page and cross, as before, and then proceed again in search of the same name, until every charge and credit is transferred into the Leger. The next name is to be taken and proceeded with in the same way as the first; and so continue till all the accounts are posted. As it is uncertain how extensive an account may be hen once opened, it is better to take a new page for every name, until all the Leger-pages are occu pied. By this time, it is probable, several accounts will have been settled. we may then enter a second name on this same pagos, and so continue till all the pages are fall. Whenever any account is settled, the amount or the balance is ascertained, and the settlement entered in the Leger. The settlement may also be entered n the Day-Book; and many prastiss this, although it is not essentially nocossary But it is essentially necessary that one, if not both the books, should how how every account is sottlod, whether by cash, note, order, goods, or whatever way the amount or balance is liquidated: N. B. In making out bills, the Loger in used as a reference to the charges in the Day-Book, which must be exactly copied. 7 Cr. C. 13 80 10/84 824 44 This book records the payments and receipts of cash It is kept by making cash Dr. to cash on hand and what is received, and Or, by whatever is paid out. At the end of every day or week, as may best suit the nature of the business If there is no error, this will make the sun of the 1. equal to that of the 1 |